Finance Score: 1
Governance Score: 9
Support Score: 13
  • Positive trading contribution: +2;Reasonable growth: +1
  • Deficit latest year: -2
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +13
Overall GiG Score: 23 ?

NESTA 

This is a grant making charity, you can view its grants here
The UK's innovation agency for social good. We design, test and scale new solutions to society's biggest problems, changing millions of lives for the better. We will focus our energy and resources on three innovation missions: a fairer start for every child; a healthy life for all, and a sustainable future where the economy works better for people and the planet.
Analysis by Giving is Great

Positives:

  • This charity has an endowment fund which generates most of its income
  • More than half of total income was derived from trading and fees in the latest year
  • There has been reasonable growth in spending over the last 3 years relative to the previous period
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

  • Income was significantly lower than spending in the latest year

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/03/23£46,114£60,926£-14,812£25,128£471,723£50,682105100
31/03/22£21,614£41,611£-19,997£7,544£511,010£42,58612.35230
31/03/21£29,594£37,088£-7,494£1,942£505,136£22,0317.12770
31/03/20£43,347£47,192£-3,845£3,893£423,734£9,4332.43060
31/03/19£34,426£42,352£-7,926£4,520£454,677£6,7611.92530
31/03/18£24,655£32,230£-7,575£5,246£445,185£5,6682.12050
31/03/17£24,908£33,365£-8,457£2,026£439,583£8,26931730
31/03/16£14,492£25,673£-11,181£565£384,885£2,9261.41670
31/03/15£15,641£32,014£-16,373£210£393,089£3,1871.21440
31/03/14£15,974£28,528£-12,554£143£363,714£1,3930.61140
31/03/13£12,681£24,659£-11,978£161£361,446£1080.1950
31/03/12£0£0£0£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 29%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 4%
Liabilities/Income: 47%
Unrestricted Funds/Total Funds: 11%
Reserves/Spending: 10 months
Net Current Assets/Spending: 5 months
Quick Ratio: 1.5
Asset Split ?
Established: 13 years

www.nesta.org.uk

information@nesta.org.uk

02074382500

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Arts/Culture/Heritage/Science
  • Economic/Community Development/Employment
  • Education/Training
  • Environment/Conservation/Heritage
  • General Charitable Purposes
  • Other Charitable Purposes
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Grant-making foundations
How it operates
  • Makes Grants to Organisations
  • Other charitable activities
  • Provides advocacy/advice/information
  • Provides other finance
  • Provides services
  • Sponsors or undertakes research
Where it operates
  • Scotland,
Who it helps
  • Children/Young People
  • Elderly/Old People
  • Other Charities Or Voluntary Bodies
  • The General Public/Mankind
Who works here?
  • 510 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
Department for Education£3,126,607
DCMS£1,354,352
Nuffield Foundation£488,008
Calouste Gulbenkian Foundation, UK Branch£60,000
Specific Donations
Amount When
Months
To be used for
Calouste Gulbenkian Foundation, UK Branch - The Strategy Room, Nesta
£60,000 30/01/2024
Project funding to support the nationwide rollout of The Strategy Room: an innovative way for local authorities to involve communities in climate action.
Nuffield Foundation - Grant to Nesta
£488,008 29/09/2023
Towards Revealing Social Capital
Department for Business, Energy and Industrial Strategy - Impetus
£30,294 01/04/2022
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10037879
Department for Business, Energy and Industrial Strategy - Hybrid Human Artificial Collective Intelligence in Open-Ended Decision Making
£29,525 01/04/2022
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10037991
Department for Business, Energy and Industrial Strategy - Immersive performances of the future
£-8 01/04/2022
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=104774
DCMS - Investment Funds
£19,678 21/10/2021
We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where ....more
DCMS - Towards a Creative Good Work Strategy - indepenent review of job quality and working practice in the Creative Industries
£50,000 01/04/2021
The objectives of the independent review will be to: 1. Establish a robust baseline picture of job quality; 2. Identify the key challenges and opportunities for promotingquality work; 3. Set out a ....more
Department for Education - National Retraining Scheme (NRS) Digital Retraining Pilot
£3,126,607 01/04/2020
1. Stimulate creation of new products which use AI and other technologies to improve information, advice and guidance for learners.2. Pivot existing training providers (offline and online) to test ....more
DCMS - Pilot Future News Fund
£1,004,767 01/10/2019
The Future News Fund pilot will welcome new ideas to address the challenges facing the journalism industry outlined in the Cairncross Review. It will use a number of different approaches to fund ....more
DCMS - ENHANCING IMPACT FUND
£279,907 22/07/2019
To provide funding to Nesta to distribute grants through the Enhancing Impact Fund to a small portfolio of high performing, high impact organisations from the existing portfolio of projects, in ....more
DCMS - Nesta - Centre for Social Action grants management and support 1920
£268,426 01/04/2019
Supporting delivery of public services; research and innovation
DCMS - 50+ Volunteering: Connected Communities Innovation Fund
£1,180,115 01/04/2019
To develop and manage a series of funds designed to find, test and grow innovations which harness the time and talents of 10,000 volunteers (75% of which will be people over 50).
DCMS - Support for OECD-CERI research programme conference
£10,000 01/04/2019
I am writing to offer you a grant of up to £10,000 towards The September 2019 conference for the launch of the OECD CERI report on fostering and assessing creativity and critical thinking in ....more
DCMS - Tech for Good Challenge Prize
£1,000,000 01/04/2019
DCMS will sponsor œ1m to NESTA to run a Challenge Prize until the end of March 2020. The Challenge Prize aims to stimulate tech innovation in civil society organisations by challenging charities, ....more
Dunhill Medical Trust - Social Movements Incubator Programme
£100,000 20/11/2018
18
Nesta Health Lab - Dunhill Medical Trust Social Movements Incubator Programme
Esmee Fairbairn - Social investment Nesta
£1,000,000 19/09/2018
120
An investment towards the Arts & Culture Impact Fund, providing loans and other forms of investment to arts and culture organisations across the UK.
Department for Business, Energy and Industrial Strategy - ALB - UKRI - Immersive performances of the future
£123,553 01/04/2018
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=104774
Department for Business, Energy and Industrial Strategy - ALB - UKRI - Flying High - Phase 2
£545,000 01/04/2018
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=133833
Department for Business, Energy and Industrial Strategy - ALB - UKRI - Centre of Excellence for Policy and Evidence in the Creative Industries
£6,137,269 01/04/2018
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=AH/S001298/1
Cabinet Office - Inclusive Economy Partnership
£132,500 01/04/2018
Funding to support National incusive partnership
DCMS - Digital Culture survey 2019
£65,000 01/04/2018
Digital Culture survey 2019
DCMS - Measuring the Value of Culture
£297,350 01/04/2018
Measuring the Value of Culture
Cabinet Office - Inclusive Economy Partnership Innovator Support Programme and Model Evaluation
£240,000 01/03/2018
The Cabinet Office?s primary aim in awarding this Grant to Nesta for the Inclusive Economy Partnership is to test a new partnerships model for supporting organisations with innovative solutions to ....more
DCMS - Inclusive Economy Partnership (IEP) Enabling Fund
£400,000 15/01/2018
For the 18 solutions selected through the inclusive economy partnership to develop scaling plans which enable them to (i) increase their ability to make a positive impact on one of three challenge ....more
National Lottery Community Fund - Nesta Portfolio
£5,480,502 25/05/2016
63
This is a partnership between the Big Lottery Fund and Nesta to support eight innovations over five years to address the challenges and opportunities of an ageing society. Nesta has worked with these ....more
DCMS - Nesta - Centre for Social Action grants management and support 2016-2019
£2,300,000 01/04/2016
Supporting delivery of public services; research and innovation
National Lottery Community Fund - 11 Social Innovations
£400,000 03/08/2015
7
This is development funding for 11 projects that have the potential to be expanded, focused on supporting the challenges presented by an ageing population. Up to five organisations are expected to ....more
Esmee Fairbairn - Social investment Nesta
£1,000,000 10/09/2014
An investment in a co-mingling fund for arts organisations.
National Lottery Community Fund - Re-thinking Parks
£490,472 12/08/2014
16
Not Available
National Lottery Community Fund - The Alliance for Useful Evidence
£165,000 22/05/2014
24
Not Available
National Lottery Community Fund - Alliance for Useful Evidence
£100,000 21/05/2012
24
This project will establish an open access, virtual network, aiming to attract a broad range of members, including UK policy makers, evaluators, commissioners, and practitioners from public, private ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)
Current Trustees appointed
Gender Split
Based on 10/12 persons

Age Range of Trustees: 35-67
  • SEUN AKINDELE Appointed: 2022, Occupation: Head Of Data And Innovation
  • JIMMY WALES Appointed: 2020, Occupation: Founder Of Wikipedia And Wt Social
  • SARAH HUNTER Appointed: 2020, Occupation: Director Of Public Policy
Legal constitution
  • Charitable company registered in England & Wales on 30/09/2011, number: 1144091
  • Registered at Companies House on 15/07/2011, number: 07706036
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Filing Record
12 returns made; all on time
Main office

58
Victoria Embankment
London
London
EC4Y ODS

Objectives

THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT:2.1 TO ADVANCE EDUCATION, AND IN PARTICULAR THE STUDY OF INNOVATION, BY THE PROMOTION OF RESEARCH AND THE PUBLICATION OF THE USEFUL RESULTS THEREOF, IN:2.1.1 SCIENCE AND TECHNOLOGY;2.1.2 THE ARTS;2.1.3 THE EFFICIENCY OF PUBLIC SERVICES;2.1.4 THE VOLUNTARY SECTOR AND SOCIAL ENTERPRISE; AND2.1.5 INDUSTRY AND COMMERCE.2.2 TO ADVANCE:2.2.1 SCIENCE AND TECHNOLOGY2.2.2 THE ARTS2.2.3 THE EFFICIENCY OF PUBLIC SERVICES2.2.4 THE VOLUNTARY SECTOR2.2.5 INDUSTRY AND COMMERCE AND SOCIAL ENTERPRISE WHICH(A) RELIEVES POVERTY(B) RELIEVES UNEMPLOYMENT(C) ADVANCES HEALTH(D) ADVANCES ENVIRONMENTAL PROTECTION OR IMPROVEMENT AND SUSTAINABLE DEVELOPMENT(E) ADVANCES CITIZENSHIP OR COMMUNITY DEVELOPMENTTHROUGH OR BY ENCOURAGING AND SUPPORTING INNOVATION.THE VOLUNTARY SECTOR MEANS CHARITIES AND VOLUNTARY ORGANISATIONS. CHARITIES ARE ORGANISATIONS, WHICH ARE ESTABLISHED FOR EXCLUSIVELY CHARITABLE PURPOSES IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES.VOLUNTARY ORGANISATIONS ARE INDEPENDENT ORGANISATIONS, WHICH ARE ESTABLISHED FOR PURPOSES THAT ADD VALUE TO THE COMMUNITY AS A WHOLE, OR A SIGNIFICANT SECTION OF THE COMMUNITY, AND WHICH ARE NOT PERMITTED BY THEIR CONSTITUTION TO MAKE A PROFIT FOR PRIVATE DISTRIBUTION. VOLUNTARY ORGANISATIONS DO NOT INCLUDE LOCAL GOVERNMENT OR OTHER STATUTORY AUTHORITIES. SUSTAINABLE DEVELOPMENT MEANS DEVELOPMENT THAT MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS.2.3 TO ADVANCE ANY OTHER PURPOSE WHICH IS RECOGNISED AS EXCLUSIVELY CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES AND SCOTLAND.2.4 THROUGHOUT THESE ARTICLES A CHARITABLE PURPOSE IS A PURPOSE THAT IS REGARDED AS CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES PROVIDED THAT IT WILL NOT INCLUDE ANY PURPOSE WHICH IS NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005. FOR THE AVOIDANCE OF DOUBT, THE SYSTEM OF LAW GOVERNING THE CONSTITUTION OF THE CHARITY IS THE LAW OF ENGLAND AND WALES.

Defined Area of Benefit:

NOT DEFINED

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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